Uccle sells cable network to Brutele for EUR2.5m

25 Oct 2019

The Brussels municipality of Uccle has agreed to sell its cable network to Brutele for EUR2.5 million (USD2.78 million), reports L’Echo. Once the acquisition is complete, the operator will own the entire cable network it uses to provide television, broadband and telephony services in the Brussels region under the VOO name. The transaction would also facilitate the company’s efforts to sell its stake in VOO, which Brutele owns alongside Wallonia-based utility firm Nethys. As previously reported by TeleGeography’s CommsUpdate, Brutele suspended negotiations over the sale of the cable operator to US investor Providence Equity in September, after being kept in the dark by its partner. The deal would have been dependent on Brutele first agreeing to sell its shares to Enodia, the public holding company that owns Nethys.

Belgium, VOO